Question

Carefully study the charts showing how much it cost to raise a child in 1960 and in 2009. What conclusions can you draw from this data?

Answer 1

Answer: The conclusions I can draw from this is that in 1960 not most people had a jobs and it might be harder for people to be financial stable but in 2015 it became easier because more people had jobs.

Explanation:

Answer 2

The chart shows that the expenses increased at a rapid rate in the year 1960 and in 2009.

What is a chart?

A chart is a visual representation of the data and figures that are given to us, which helps in making the data or figures more presentable and easy to understand and study. There are multiple varieties of charts available like bar charts, pie charts, line charts, area charts, and scatter charts.

Total expenses and budgetary component shares from 1960 to 2009 for raising a child from birth to age 17. It cost a total of $182,857 in 1960 and about $222,360 in 2009.

U.S. average for a child in middle-income, husband-wife families have also increased. We can implement from this that while maintaining financial stability may have been more challenging in 1960 due to a lack of employment, it was made easier in 2015 due to an increase in employment.

Learn more about charts, here:

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